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- Title
Permanent Labour and Land Tenancy Contracts in Agrarian Economies: An Integrated Analysis .
- Authors
Otsuka, Keijiro; Chuma, Hiroyuki; Hayami, Yujiro
- Abstract
Extending the existing models of land and labor contracts, this study attempts to build a general model of long-term agrarian contracts. The model implies that, where tenancy is an available option, the fixed-wage permanent labor contract will not be chosen. If it is chosen under institutional constraints on tenancy contracts, resulting resource allocations will be inefficient. Empirical relevance of the model is tested on data from the Philippines.
- Subjects
FARM tenancy; LABOR contracts; CONTRACTS for deeds; AGRICULTURAL contracts; TENANT farmers
- Publication
Economica, 1993, Vol 60, Issue 237, p57
- ISSN
0013-0427
- Publication type
Article
- DOI
10.2307/2554731